Mick
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Post by Mick on Apr 24, 2018 17:53:15 GMT
Liquidators are being considered, does this company have a chance of paying us with invoices in hand . And how does the insurance work?
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Steerpike
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Post by Steerpike on May 11, 2018 11:42:24 GMT
Interest for #6316 (in recovery) month 2 of 12 has just been paid (early).
#6318 (in recovery) month 2 of 24 is due on 18-May.
Don't know about #6317.
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Steerpike
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Post by Steerpike on May 23, 2018 12:46:23 GMT
Based on the email from Archover today, it appears that they are demonstrating the ability to take timely and decisive action, let's hope that it turns out to be effective as well.
So far so impressed.
"It's at times like this, when I'm trapped in a suspended projects crisis with a man from N****** R***, and about to die of lack of cashflow that I really wish I'd listened to what my mother told me when I was young."
"Why, what did she tell you?"
"I don't know, I didn't listen.”
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Mick
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Post by Mick on May 23, 2018 13:08:22 GMT
Looks like we'll keep getting paid for now.... I'm a little worried about the level of loan to value of assets, and will this change. But I too am pleased and a little surprised at the reaction from Arch. Good Luck! Mick.
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m2btj
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Post by m2btj on May 23, 2018 13:33:36 GMT
This is a bold & highly innovative move from Archover acting in the best interests of lenders. I wish Archover & the new team at Rail S&P a prosperous & successful future. I see no reason why a well managed company with a client the size of Network Rail cannot be sold at a profit in the future.
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Mick
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Post by Mick on Jul 14, 2018 8:27:28 GMT
Any news of the late payment?
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Steerpike
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Post by Steerpike on Jul 14, 2018 9:23:49 GMT
At least two of the loans are up to date.
Interest for #6316 month 3 of 12 was paid (early), month 4 is due today.
#6318 month 3 of 24 was paid (on time), month 4 is due next week.
Don't know about #6317.
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Mick
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Post by Mick on Jul 14, 2018 22:16:18 GMT
At least two of the loans are up to date. Interest for #6316 month 3 of 12 was paid (early), month 4 is due today. #6318 month 3 of 24 was paid (on time), month 4 is due next week. Don't know about #6317. yes 6317 .....3 days late...... 6316 now late. Paid Now! Good News.
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Steerpike
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Post by Steerpike on Sept 4, 2018 15:15:53 GMT
Very encouraging update today from Archover on these loans and starting to look like a good result all round for Archover, borrower, and lenders.
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